China, Mongolia looking at FTA
China and Mongolia will soon start conducting a joint feasibility study for signing a free trade agreement, a Chinese official said on Tuesday. Qian Keming, vice-minister of commerce, said the move highlights the ever strengthening Sino-Mongolian relations “on the basis of mutual respect, equality and benefit”. The Second China-Mongolia Expo, a biennial event, is slated to take place in Hohhot, capital of China’s Inner Mongolia autonomous region, between Sept 26 and 30. Through exhibitions, conferences and seminars, investment and trade negotiations, the expo will serve as a communication platform for all sides, Qian told a news conference. For over a decade, China has been Mongolia’s largest trading partner. According to China’s Ministry of Commerce, Sino-Mongolian trade amounted to $3.1 billion in the first half of this year, up 44.2 percent from a year ago.